Guideline Value for SENTHIL NAGAR 4TH STREET

Senthil Nagar 4th Street guideline value

The current guideline value of Senthil Nagar 4th Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Senthil Nagar 4th Street has changed

Over the years, the guideline value of Senthil Nagar 4th Street has seen significant changes. The 2007 revision recorded a guideline value of Rs 1,650 per sq.ft, which increased to Rs 5,300 per sq.ft in 2012, marking a substantial rise of 221%. However, the value then decreased to Rs 3,551 per sq.ft in 2017, reflecting a decline of 33%. The 2023 revision set the value at Rs 5,300 per sq.ft, and the most recent 2024 revision has increased it to Rs 5,800 per sq.ft, a rise of 9%.

In summary, from the 2007 revision to the 2024 revision, the guideline value has increased by 252%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, which is equal to the 2024 figure for Senthil Nagar 4th Street.

• Senthil Nagar 1st Street: Rs 11,000 per sq.ft (2024)
• Senthil Nagar 2nd Street: Rs 8,800 per sq.ft (2024)
• Senthil Nagar 3rd Street: Rs 11,000 per sq.ft (2024)
• Shanmuganar Salai: Rs 6,300 per sq.ft (2024)
• Selva Vinayagar Koil Street: Rs 5,300 per sq.ft (2024)
• Sharkhan Thottam: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 5,800 per sq.ft, the guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, totaling Rs 5,22,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Nagar 4th Street?

The Sub Registrar Office that covers Senthil Nagar 4th Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Puliyur

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Senthil Nagar 4th Street?

The current guideline value of Senthil Nagar 4th Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,650 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, marking an overall increase of 252%.

What is the land classification for Senthil Nagar 4th Street?

Senthil Nagar 4th Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Senthil Nagar 4th Street?

The Kodambakkam Sub Registrar Office covers Senthil Nagar 4th Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 58,00,000, the total fees would amount to Rs 5,22,000.